(CNBC) — Conventional wisdom holds that retirees should not enter their golden years still holding a mortgage. However, Diahann Lassus, president and chief investment officer of wealth-management firm Lassus Wherley, claims "that's not a one-size-fits-all answer today, because there are many other factors you have to think about."
Thanks to today's low interest rates and reasonable long-term returns from investments, it may make more sense for retirees to carry a mortgage for a longer than usual period, she noted. Trouble is, many people are "obsessed" with paying their mortgage off. Either way, there are two parts to any such decision: the math and the emotion.